Startupfest 2024 - Recap!

Startupfest 2024: Highlights and Insights

Key Innovations: Startupfest 2024 in Montreal saw Xatoms and Juno winning top awards for their innovative solutions in clean water technology and menstrual pain management. The transformation of Startup Montréal into Québec Tech, aiming to support export-ready scaleups, sparked discussions on resource allocation between early-stage startups and scaling companies.

Shifts in Funding Strategies: In response to declining venture capital, many founders are seeking alternative funding sources. Robin Gray of Karla Rewards highlighted the challenges of securing VC investments at the pre-revenue stage, turning instead to financial institutions. Real Ventures' Katy Yam noted a shift towards valuing advice and networks over financial transactions, while Neha Khera and Leah Nguyen encouraged exploring non-dilutive capital options.

Top Companies: Startupfest featured top startups like Kiwi Charge, Pakville, Beam Medical, and Dispersa, showcasing diverse innovations from EV charging infrastructure to sustainable surfactants.